GWANGJU < invest Korea

South Jeolla Province announced that the Jeonnam Development Corp. and the Jeonam Cultural Industry Association (JCIA) signed a contract for 12 sites of 5,136 m2 in for an academy-industry-research cluster.

The 12 sites in the cluster are dedicated for information and communications industry.

JCIA will invest about KRW 10 billion in the site to build a center for immersive media industry.

Construction of the building will begin March of 2014 to be completed April 2015.

South Jeolla Province plans to attract investment and site sales November.

Many companies are reviewing their plans to relocate and research and development centers are also working on relocation.

Site for the academy-industry-research cluster will be on a 400,000 m2 site and price for 3.3m2 will be KRW 1.39 million.

The province plans to attract companies and research institutes in the field of electricity, energy, agriculture, broadcasting and communications and culture and arts.

Source Text

Source: Yonhap News (Aug 28, 2013)

** This article was translated from the Korean.